Forafric Global Correlations

AFRI Stock

USD 9.72 0.08 0.82%

The current 90-days correlation between Forafric Global PLC and Forafric Global PLC is -0.03 (i.e., Good diversification). The correlation of Forafric Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Forafric Global Correlation With Market

Significant diversification

The correlation between Forafric Global PLC and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forafric Global PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Forafric Stock

0.78	FMX	Fomento Economico	Pair Corr
0.69	STZ	Constellation Brands	Pair Corr
0.64	LWAY	Lifeway Foods	Pair Corr
0.66	DG	Dollar General	Pair Corr
0.82	FC	Franklin Covey	Pair Corr
0.68	UL	Unilever PLC ADR	Pair Corr
0.75	DOLE	Dole PLC	Pair Corr

Moving against Forafric Stock

0.72	K	Kellanova	Pair Corr
0.61	BTI	British American Tobacco	Pair Corr
0.56	PAVS	Paranovus Entertainment	Pair Corr
0.52	JVA	Coffee Holding	Pair Corr
0.5	TPB	Turning Point Brands	Pair Corr
0.4	SNAXW	Stryve Foods	Pair Corr
0.58	BJ	BJs Wholesale Club	Pair Corr
0.56	BRID	Bridgford Foods	Pair Corr
0.53	DLTR	Dollar Tree	Pair Corr

Related Correlations Analysis

	AAGRY	AGRIW	AFRIW	APPHW	GRCLF	ASAGF	FDP	ALCO	SANW
AAGRY		-0.29	-0.55	-0.4	-0.56	-0.56	0.72	0.14	0.35	AAGRY
AGRIW	-0.29		0.34	0.26	0.35	0.33	-0.17	-0.21	-0.24	AGRIW
AFRIW	-0.55	0.34		0.69	0.73	0.72	-0.38	-0.46	-0.7	AFRIW
APPHW	-0.4	0.26	0.69		0.65	0.73	-0.26	-0.37	-0.63	APPHW
GRCLF	-0.56	0.35	0.73	0.65		0.92	-0.42	-0.47	-0.79	GRCLF
ASAGF	-0.56	0.33	0.72	0.73	0.92		-0.38	-0.48	-0.83	ASAGF
FDP	0.72	-0.17	-0.38	-0.26	-0.42	-0.38		-0.18	0.17	FDP
ALCO	0.14	-0.21	-0.46	-0.37	-0.47	-0.48	-0.18		0.65	ALCO
SANW	0.35	-0.24	-0.7	-0.63	-0.79	-0.83	0.17	0.65		SANW
	AAGRY	AGRIW	AFRIW	APPHW	GRCLF	ASAGF	FDP	ALCO	SANW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ASAGF	+ 0.92	GRCLF
GRCLF	+ 0.73	AFRIW
ASAGF	+ 0.73	APPHW
FDP	+ 0.72	AAGRY
ASAGF	+ 0.72	AFRIW
APPHW	+ 0.69	AFRIW

High negative correlations

SANW	- 0.83	ASAGF
SANW	- 0.79	GRCLF
SANW	- 0.7	AFRIW
SANW	- 0.63	APPHW
ASAGF	- 0.56	AAGRY
GRCLF	- 0.56	AAGRY

Risk-Adjusted Indicators

There is a big difference between Forafric Stock performing well and Forafric Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Forafric Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AAGRY	0.42	0.14	0.00	(3.35)	0.00	0.00	0.00	0.00	14.09
AGRIW	27.97	5.39	0.19	6.92	23.28	(38.92)	86.21	(41.82)	161.84
AFRIW	5.25	(0.30)	0.00	0.22	0.00	0.00	16.04	(10.89)	32.90
APPHW	11.60	(1.04)	0.00	0.49	0.00	0.00	17.07	(27.17)	85.32
GRCLF	2.78	(0.21)	0.00	2.62	0.00	0.00	7.30	(6.52)	28.75
ASAGF	0.68	(0.26)	0.00	(1.70)	0.00	0.00	0.00	(2.20)	9.11
FDP	1.10	0.05	0.02	0.14	1.28	(1.34)	2.30	(1.93)	14.96
ALCO	1.93	0.24	0.13	0.42	1.58	(2.53)	4.92	(2.99)	23.20
SANW	9.01	2.01	0.31	0.96	5.85	(13.72)	30.41	(9.94)	72.44

Forafric Global Corporate Management

Mustapha Ghazali	Chief Officer	Profile
Julien Benitah	CFO Director	Profile
Mustapha Jamaleddine	Chief Officer	Profile
Ouri Marciano	Head Development	Profile

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